Paradigm Asset Management Co. LLC Trims Holdings in Mondelez International, Inc. $MDLZ

Paradigm Asset Management Co. LLC cut its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 69.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,766 shares of the company’s stock after selling 15,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Mondelez International were worth $456,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rovin Capital UT ADV boosted its holdings in shares of Mondelez International by 9.7% during the second quarter. Rovin Capital UT ADV now owns 4,492 shares of the company’s stock worth $303,000 after purchasing an additional 398 shares during the last quarter. Aspect Partners LLC grew its holdings in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after buying an additional 305 shares during the period. Savant Capital LLC increased its stake in shares of Mondelez International by 43.9% during the 2nd quarter. Savant Capital LLC now owns 41,964 shares of the company’s stock valued at $2,830,000 after acquiring an additional 12,807 shares during the last quarter. Texas Yale Capital Corp. lifted its holdings in shares of Mondelez International by 14.4% during the 2nd quarter. Texas Yale Capital Corp. now owns 14,938 shares of the company’s stock worth $1,007,000 after acquiring an additional 1,875 shares during the period. Finally, Modera Wealth Management LLC boosted its position in shares of Mondelez International by 13.1% in the second quarter. Modera Wealth Management LLC now owns 83,936 shares of the company’s stock worth $5,661,000 after acquiring an additional 9,730 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on shares of Mondelez International from $76.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Barclays cut their price objective on Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.68.

Mondelez International Trading Up 1.8%

Shares of MDLZ opened at $57.18 on Friday. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15. The stock’s 50-day moving average is $61.31 and its two-hundred day moving average is $64.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. The stock has a market cap of $73.99 billion, a PE ratio of 21.42, a P/E/G ratio of 5.34 and a beta of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The business had revenue of $7.30 billion for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.